Xometry (NASDAQ:XMTR) Director Sells 5,722 Shares

Xometry, Inc. (NASDAQ:XMTR) Director Randolph Altschuler sold 5,722 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $93.30, for a total transaction of $533,862.60. Following the completion of the transaction, the director directly owned 428,750 shares of the company’s stock, valued at $40,002,375. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Randolph Altschuler also recently made the following trade(s):

• On Thursday, May 21st, Randolph Altschuler sold 50,000 shares of Xometry stock. The stock was sold at an average price of $87.85, for a total transaction of $4,392,500.00.

Xometry Stock Performance

Xometry stock traded up $2.47 during trading hours on Monday, hitting $94.29. 741,635 shares of the stock traded hands, compared to its average volume of 957,795. Xometry, Inc. has a 1 year low of $30.63 and a 1 year high of $99.86. The firm’s 50 day moving average price is $82.35 and its 200-day moving average price is $63.34. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of -92.44 and a beta of 1.27.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The business had revenue of $205.14 million during the quarter, compared to analyst estimates of $188.46 million. During the same quarter last year, the business posted ($0.05) EPS. The company’s revenue was up 35.9% on a year-over-year basis. As a group, equities analysts expect that Xometry, Inc. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research note on Friday, May 8th. Citigroup raised their price objective on Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Royal Bank Of Canada boosted their price objective on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Citizens Jmp upped their target price on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $76.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new stake in Xometry during the 4th quarter worth $28,000. Quantbot Technologies LP acquired a new stake in shares of Xometry in the third quarter valued at about $30,000. GAMMA Investing LLC lifted its stake in shares of Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after buying an additional 162 shares in the last quarter. Leonteq Securities AG acquired a new position in Xometry during the fourth quarter worth about $59,000. Finally, Comerica Bank raised its holdings in Xometry by 17.9% in the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after acquiring an additional 173 shares during the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

About Xometry

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.